Financials
Financial year 2025
OLD FLANDERS from Middelkerke, company number BE0429906770, closed financial year 2025 with a result of € 25,981 after tax. For that financial year OLD FLANDERS recorded a gross margin of € 152,119 and equity of € 165,649. Compared with financial year 2024, the result moved from € 27,594 to € 25,981. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 23, 2026.
€ 165,649
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,981
▼ 6% vs 2024
Profit after tax over the fiscal year.
€ 46,698
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 103,649.
People and assets in 2025
€ 99,681
▼ 24% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,642
▲ 116% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,564
▼ 28% vs 2024
Loans from banks and other lenders, long and short.
€ 8,026
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,218
▼ 36% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 177,710 | € 111,312 | € 175,748 | € 152,119 | ▼ 13% |
| Profit after taxes | € -49,455 | € -27,101 | € 27,594 | € 25,981 | ▼ 6% |
| Equity | € 139,175 | € 112,074 | € 139,668 | € 165,649 | ▲ 19% |
| Total debts | € 63,366 | € 91,878 | € 142,068 | € 137,904 | ▼ 3% |
| Cash | € 40,966 | € 23,348 | € 59,436 | € 46,698 | ▼ 21% |
| Land & buildings | € 2,396 | € 0 | - | - | |
| Retained profit | € 77,175 | € 50,074 | € 77,668 | € 103,649 | ▲ 33% |
| Bank debt | € 24,387 | € 41,421 | € 32,682 | € 23,564 | ▼ 28% |
| Balance sheet total | € 202,541 | € 203,952 | € 281,736 | € 303,553 | ▲ 8% |
Key figures of OLD FLANDERS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to OLD FLANDERS?
What happened at OLD FLANDERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,981 (▼ 6% vs 2024). filed late Source: NBB ↗
- Bartholomeus Vitse became a director. NBB
- Regina Marie Sas became a director. NBB
- New establishment in Middelkerke. KBO
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,455 loss in 2022 to € 25,981 profit in 2025.
Paid € 854 in corporate taxes since 2022.
Best year ever: 2024, with € 27,594 profit.
Management
Behind OLD FLANDERS are Bartholomeus Vitse and Regina Marie Sas. Regina Marie Sas is also behind WYVI.
Directors
According to the 2025 annual accounts
Bartholomeus Vitse
Managing director
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Lombardsijdelaan 163
8434 Middelkerke
Bassevillestraat 81
8434 Middelkerke
Active since 8 March 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.906.770
- VAT number
- BE 0429.906.770
- Registered office
- Lombardsijdelaan 163, 8434 Middelkerke
- Names & denominations
- OLD FLANDERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1986
- Peppol
- Active · Active since 1 Apr 2025
- Activities · NACE
Catering van evenementen
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant